Water, sewer rates to remain steady
CLEAR SPRING - Thanks to the overall condition of the town's financial health, residents of Clear Spring will be spared any increases in water and sewer rates for 2001.
Patrick Kline of Kline and Company, CPAs, went over the town's audit Tuesday with the Clear Spring Mayor and Council.
Highlights of the audit include:
HEIGHT="6" ALT="* "> Income tax revenues went up about $38,000 in 2000, which Kline attributed to more working residents in the town and more people designating Clear Spring on their income tax returns.
HEIGHT="6" ALT="* "> Total revenues in the general fund were $171,090, money generated through property taxes, shared highway and income taxes, permits and licenses, donations, interest income and parking fines, for example.
HEIGHT="6" ALT="* "> While the water fund lost $2,753 and the sewer fund lost $17,274, depreciation of fixed assets offset those minus figures, Kline said.